Brief: Rias Adjusts Expectations For FY 2019/20

Rias A/S

13/10/2020 13:04

Oct 13 (Reuters) - Rias A/S  RIASb.CO :
    * REG-ADJUSTMENT OF EXPECTATIONS FOR THE FINANCIAL YEAR
2019/20
    * ADJUSTS THE OUTLOOK FOR THE YEAR-END RESULT FROM AN EBIT
RESULT
IN THE RANGE OF 9.0 -10.0 MDKK TO THE LEVEL OF 11.0 TO 12.0 MDKK
BEFORE SPECIAL ITEMS
    * ADJUSTED EBIT RESULT FOR FINANCIAL YEAR IS EXPECTED TO BE
IN
RANGE OF 13.0 - 14.0 MDKK.
    * ADJUSTMENT IS BASED ON SOMEWHAT HIGHER LEVEL OF ACTIVITY
IN DIY
SECTOR AND HIGHER GROWTH IN EXPORTS THAN EXPECTED
    * ADJUSTED EBIT IS DUE TO ONE-OFF COSTS ASSOCIATED WITH
REORGANIZING AND MOVING PARTS OF WAREHOUSE TO GAIN MORE SPACE
FOR PROCESSING DEPARTMENT

Source text for Eikon:  ID:nGNE5m12jp 
Further company coverage:  RIASb.CO 

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